Deutsche Telekom Improves Offer For MetroPCS
To Win Over Hesitant Investors...
Deutsche Telekom and T-Mobile have improved their offer
to acquire MetroPCS in order to battle back deal resistance from shareholders. Deutsche Telekom's latest deal, which the company insists will be its "best and final" offer, would reduce the debt the combined company would bear by roughly $3.8 billion while reducing the interest rate by half a percentage point. Deutsche Telekom stated they would also extend a lockup period during which the new company cannot sell shares to 18 months from 6 months. Under this renewed deal, shareholders will receive $4.09 a share and receive a 26% stake in the new combined company.